Summary of Investments Other Than investments in Related Parties

12 Months Ended

Dec. 31, 2014

Summary of Investments, Other than Investments in Related Parties [Abstract]

Investments Other Than Investments in Related Parties

PRUDENTIAL FINANCIAL, INC.
Schedule I
Summary of Investments Other Than Investments in Related Parties
As of December 31, 2014 (in millions)

								Amount
						Fair		shown in the
Type of Investment					Cost(1)	Value		Balance Sheet
Fixed maturities, available-for-sale:
	Bonds:
		United States Government and government agencies and authorities		$	15,807	$	20,123	$	20,123
		States, municipalities and political subdivisions			5,720		6,531		6,531
		Foreign governments			69,894		80,941		80,941
		Asset-backed securities			10,966		11,185		11,185
		Residential mortgage-backed securities			5,612		6,057		6,057
		Commercial mortgage-backed securities			13,486		13,877		13,877
		Public utilities			19,754		22,403		22,403
		Certificates of deposit			106		105		105
		All other corporate bonds			123,361		137,410		137,410
	Redeemable preferred stock				410		458		458
			Total fixed maturities, available-for-sale	$	265,116	$	299,090	$	299,090

Fixed maturities, held-to-maturity:
	Bonds:
		Foreign governments		$	821	$	1,005	$	821
		Residential mortgage-backed securities			963		1,032		963
		Commercial mortgage-backed securities			78		85		78
	All other corporate bonds				713		780		713
			Total fixed maturities, held-to-maturity	$	2,575	$	2,902	$	2,575

Equity securities:
	Common Stocks:
		Public utilities		$	151	$	194	$	194
		Banks, trust and insurance companies			1,232		1,971		1,971
		Industrial, miscellaneous and other			5,512		7,668		7,668
	Nonredeemable preferred stocks				26		28		28
			Total equity securities, available-for-sale	$	6,921	$	9,861	$	9,861

Trading account assets supporting insurance liabilities(2)(3)				$	20,263			$	20,263
Other trading account assets(2)					10,874				10,874
Commercial mortgage and other loans(4)					46,432				46,432
Policy loans					11,712				11,712
Short-term investments(5)					8,258				8,258
Other long-term investments					10,921				10,921
			Total investments	$	383,072			$	419,986

Original cost of equities reduced by impairment and, as to fixed maturities, original cost reduced by repayments and impairments and adjusted for amortization of premiums and accretion of discounts.
At fair value.
See Note 4 to the Consolidated Financial Statements for the composition of the Company's “Trading account assets supporting insurance liabilities, at fair value.”
At carrying value, net of allowance for losses. Includes commercial mortgage and other collateralized loans of $45,348 million and uncollateralized loans of $1,084 million.
“Short-term investments” include securities purchased under agreements to resell.

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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